Trucker strike at the Cochin port entered the eighth day today with the deadlock over the parking fee continuing. Talks failed between the port authorities and the striking truck owners.
The strike has paralaysed the working of the Rajiv Gandhi Container Terminal (RGCT) as around 4,000 imported containers are lying for want of trucks to clear them.
General manager of India Gateway Terminals, which operates the RGCT, Suresh Joseph, told Business Standard that at least 2,500 containers for export had been diverted to other ports due to the strike. It will take at least 5 days to clear the backlog owing to the strike. Meanwhile, three vessels have been awaiting in the outer sea to get their turn to the port.
According to a senior official of a shipping agency, the shipping companies had so far lost Rs 10 crore due to the on-going strike.
Truck owners have now decided to approach the High Court against the strict implementation of parking fee from January 4.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app